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Oil Prices Decline, Keep Above $61 |
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8:43 AM EST December 13 2005 |
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Crude oil prices slightly declined after the IEA predicted recovery in global oil demand next year but held above $61 a barrel on cold weather and OPEC’s decision to maintain production at the highest levels. Light sweet crude for January delivery fell 6 cents to $61.24 a barrel on the Nymex. Natural gas climbed 21 cents to $15.05 per 1,000 cubic feet. London Brent lost 21 cents to $59.26.
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